Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Footwear MarketForecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been added to the wide online database of FACT.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the globalfootwear market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2026.
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Footwear has well and truly come a long way from being considered a mere commodity. The sheer variety in terms of colors, materials, and types have truly transformed the global footwear market in the last few years. Today, men, women, and even children seek out footwear that is chic, comfortable, stylish, and most importantly, aligns perfectly with their tastes and sensibilities. Footwear is now seen as an ‘extension of self’ and also helps define its wearer, for better or for worse. Thus, the future of the footwear market is extremely bright indeed.
The global footwear market is on track to record a modest CAGR of 4.5% that should see it touch a value of US$ 450 billion by the end of 2022.
Fashion Segment Critical in the Footwear Market
The fashion segment represents more than a quarter of the revenue in the footwear market in terms of product type and is predicted to become even more crucial going forward. This is primarily because footwear is seen as more of a ‘lifestyle or fashion’ statement now instead of mere protection for one’s feet. A market opportunity of more than US$ 120 billion in 2022 is enough for all existing as well as potential key stakeholders in the footwear market. The highly populous APEJ region accounts for almost a third of the revenue contribution in the fashion segment of the footwear market and it is expected to retain this position.
Close Call between Casual and Occupational Segment in Footwear Market
The casual and occupational segment are both of a similar size and consist of slightly over a fifth of revenue share in the footwear market. While companies could seek to target teenagers in terms of the former, the latter would primarily be aimed at both ‘blue collar’ and ‘white collar’ workers. The casual footwear segment is on track to grow with a robust CAGR of 5.9% in Europe and companies are highly advised to target the continent. On the other hand, APEJ would be a better region to sell occupational shoes as the economic and population growth rate is higher, leading to millions of people joining the workforce every month. APEJ alone is estimated to contribute approx. US$ 30 billion to the occupational shoe segment in the footwear market by end 2022, making it imperative for companies to be present in this dynamic and highly volatile region.
Competition Analysis
The report also profiles companies that are expected to remain active in the expansion of the footwear market through 2022, which include Nike, Adidas, PUMA, Under Armor, Crocs, ALDO group, ASICS Corporation, and Deichmann SE.
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Table of Content
1. Global Footwear Market - Executive Summary
2. Global Footwear Market Overview
2.1. Introduction
2.1.1. Global Footwear Market Taxonomy
2.1.2. Global Footwear Market Definition
2.2. Global Footwear Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Footwear Market Y-o-Y Growth
2.3. Global Footwear Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Footwear Market Analysis and Forecast By Product Type
3.1. Global Footwear Market Size and Forecast By Product Type, 2012-2022
3.1.1. Casual Footwear Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Fashion Footwear Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
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